Price is rejecting the Resistance Zone. I expect price to go atleast go down till the mid.
We can see price is sideways after a Bear Leg.
Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
Gold ist currently testing an interesting area of resistance on H4. We got a first rejection candle there. Now I´ll look at lower time frames for a short opportunity.
possible bull rally,
entry based on reversal candle
set SL/CL 30 -40 pips from entry price depend on your risk tolerant
set BE when price move over 30 pips from entry
cut losses run winners
RM,MM is a must
good luck and happy trading. TQ
Based on market crash a few weeks ago, USD from a personal perspective is looking bullish as it is trying to pick up with Trump pumping 2 trillion USD to prevent a market collapse. Eurusd looking bullish.
Look for entries in the blue zone.
Step #1 How to Identify the ORB Nr4
The ORB pattern is defined as a trade taken at a fixed value of the opening range.
The Opening range Breakout trade is more effective if taken after an inside day that has its daily range smaller than the previous 3 days, which is where the Nr4 stands for. You have three candles followed by another candle with a daily range...
1- 0.8200 and 0.830 support/resistance round levels rejection
2- Objective Trendline IN BLUE
3- one histogram divergence on MACD in blue
Waiting for a momentum candle close below our last swing standing to sell
We expect this pair to fall because of the BEARISH FLAG,
there will be 2 things that we expect when we reach 0.7470
1. Rejection that will form double bottom with target 0.7860
2. Breakout that will satisfy the bearish flag continuation with target 0.7235
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Welcome! I've been learning/practing technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice...
ETHEREUM/DOLLAR is in a range bound and Resumption of up trend is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 37.
While the price is above the support 553.100, resumption of uptrend is expected.
We make sure...